Butler County Finance Authority

About Butler County Finance Authority

The Butler County Finance Authority (BCFA) works at the intersection of real estate, finance, economic development, and placemaking. A Port Authority under Ohio Revised Code Chapter 4582, BCFA has a full suite of statutory tools to assist with real estate and economic development in Butler County. These include: Issue revenue bonds which may be privately placed or sold on the open market to help finance new construction and equipment; Acquire and improve real estate and sell or lease the project to private companies or other governments; Own land either as separate parcels or as part of an industrial or commercial development; Provide financing leases where the Port Authority owns the project and leases it to a private company. Since a Port Authority is a government unit not subject to state income taxes, such ownership is likely to exempt construction materials from state sales taxes. Such leases typically are for a term of five years after which the company is required to purchase the project from the Port Authority; Ports are not obligated to require the payment of prevailing wage on construction projects; Assist in redeveloping environmentally challenged sites including brownfields.